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A $1 Billion Fund Aims To Revitalize America's EV Suppliers

White House Monroe Capital United States

Investment firm Monroe Capital plans to launch a $1 billion fund to distribute loans to small auto suppliers.
Labeled Drive Forward Fund, the government-backed lending scheme aims to help small- and medium-sized auto suppliers retool for EVs.
The news comes after the U.S. Department of Commerce proposed a ban on Chinese software and hardware.

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